2016 automotive industry update from the Society of Motor Manufacturers and Traders

1. THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS
MOTOR INDUSTRY FACTS 2016

2. WHAT IS SMMT?
The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and
most influential trade associations operating in the UK. Its resources, reputation
and unrivalled automotive data place it at the heart of the UK automotive industry.
It undertakes a variety of activities to support and represent the interests of the
industry and has a long history of achievement.
Working closely with member companies, SMMT acts as the voice of the UK motor
industry, supporting and promoting its interests, at home and abroad, to government,
stakeholders and the media.
SMMT represents more than 650 automotive companies in the UK, providing them
with a forum to voice their views on issues affecting the automotive sector, helping
to guide strategies and build positive relationships with government and regulatory
authorities.
To find out how to join SMMT and for more information,
visit www.smmt.co.uk/memberservices
or e-mail membership@smmt.co.uk
WHATISSMMT?
02

3. CONTENTS
UK AUTOMOTIVE AT A GLANCE 4-5
UK AUTOMOTIVE INDUSTRY 6
Investment 6
Supply chain 7
Skills 8
UK Automotive: background 9
MANUFACTURING 10
Global automotive manufacturing 11
UK car manufacturing 12
UK car exports 13
Map: UK automotive manufacturing sites 14-16
Commercial vehicles and engines 17
REGISTRATIONS 18
Cars by colour 19
Private, fleet and business 20
Car registrations by fuel type and segment 21
Top five cars by segment 22-24
Commercial vehicle registrations 25
Global new car registrations 26
VEHICLES ON THE ROAD 27-28
ENVIRONMENT AND AIR QUALITY 29-30
CONNECTED CARS 31-32
SMMT SUBSIDIARIES AND PARTNERSHIPS 33
CONTENTS
03

4. UK AUTOMOTIVE AT A GLANCE
UKAUTOMOTIVEATAGLANCE
Cars built in 2015
1,587,677
Engines built in 2015
2,368,477
Commercial vehicles built in 2015
94,479
People employed across UK Auto
799,000
Countries importing UK-built vehicles
UK automotive turnover
£69.5 billion
Cars currently on UK roads
Over 32 million
Vehicles exported in 2015
1,227,881
New cars registered in 2015
2,633,503Commercial
vehicle
manufacturers
05
04
CONTENTS

5. 2015INVESTMENTLANDMARKS
2015 INVESTMENT LANDMARKS
For the latest investment and automotive news visit www.smmt.co.uk/investment 06
JAGUAR LAND ROVER
Announced more than £1 billion of
investment and 1,300 new UK jobs for its
West Midlands manufacturing sites.
LONDON TAXI COMPANY
Announced £250 million investment and
1,000 new jobs for its new ultra low emission
taxis in Coventry.
HONDA
Announced £200 million investment and the
recruitment of 500 new employees for the
development of its 5-door Civic in Swindon.
INFINITI
Announced 300 new jobs for the production
of the Q30 and QX30 models at its
Sunderland plant.
NISSAN
Announced £137 million for production of its
new Juke and a new extra-large press line at
its Sunderland facility.
FORD
Announced £181 million investment into new
low emission engines at its Bridgend plant.
CONTENTS

6. UKAUTOMOTIVESUPPLYCHAIN
UK AUTOMOTIVE SUPPLY CHAIN
BODY PAINT POWERTRAIN ASSEMBLY INSPECTION
2,000+ automotive
suppliers in the UK
80%of components in a car
can be made in the UK
£4bnof unfulfilled opportunities for
domestic Tier 1suppliers 18of the world’s 20 biggest
automotive suppliers with a UK base
41%average UK content in British-built
cars – up from 36% since 201178,000 people
employed in the UK supply chain
£4.3bnadded value typically generated by
UK automotive suppliers each year
07
CONTENTS

7. UK AUTOMOTIVE EMPLOYMENT
UKAUTOMOTIVEEMPLOYMENT
25,000new jobs to be
created in automotive
manufacturing to
build connected and
autonomous vehicles
41,000
people employed
in UK motorsport –
25,000 are
engineers
(Motorsport Industry
Association)
158,000people directly
employed in
manufacturing
799,000
people employed
across UK
automotive
74,060
young people
began engineering
and manufacturing
apprenticeships
in 2014/5
(Semta)
08
CONTENTS

8. UKAUTOMOTIVE:BACKGROUND
UK AUTOMOTIVE: BACKGROUND
In 2014 the UK automotive manufacturing industry…
Turned over
£69.5 billion
Invested
£2.4 billion
in RD
Exported products
worth
£34.6 billion,
accounting for
11.8% of the UK’s
total export goods
Invested
£2.1 billion
net capital
Added
£15.5 billion in
value to the UK economy
09
CONTENTS

9. UKAUTOMOTIVEMANUFACTURING
UK AUTOMOTIVE MANUFACTURING
Commercial vehicles by brand
Make Volume
Vauxhall 60,990
Land Rover 15,494
DAF 13,785
Alexander Dennis 2,320
Dennis Eagle 817
Cars by brand
Make Volume
Nissan 476,589
Land Rover 387,253
MINI 201,207
Toyota 190,161
Honda 119,414
Cars by model
Model Volume
Nissan Qashqai 298,947
Toyota Auris 147,907
Nissan Juke 119,065
Range Rover Sport 90,545
Range Rover Evoque 87,358
Top fives in production – 2015
10
CONTENTS

10. GLOBALAUTOMOTIVEMANUFACTURING
GLOBAL AUTOMOTIVE MANUFACTURING
Top 10 European automotive manufacturers in 2015
Rank Country Cars
Commercial
Vehicles
Total % change
1 Germany 5,707,938 325,226 6,033,164 2.1%
2 Spain 2,218,980 514,221 2,733,201 13.7%
3 France 1,553,800 416,200 1,970,000 8.2%
4 UK 1,587,677 94,479 1,682,156 5.2%
5 Czech Rep. 1,298,236 5,367 1,303,603 4.2%
6 Italy 663,139 351,084 1,014,223 45.3%
7 Poland 534,700 125,903 660,603 11.3%
8 Hungary 491,720 3,650 495,370 13.2%
9 Belgium 369,172 40,168 409,340 -20.8%
10 Romania 387,171 6 387,177 -1.1%
Source: OICA 2016
*See page 12 for 2015 UK car manufacturing data
Top 15 global automotive manufacturers in 2015
Rank Country Cars
Commercial
vehicles
Total % change
1 China 21,079,427 3,423,899 24,503,326 3.3%
2 USA 4,163,679 7,936,416 12,100,095 3.8%
3 Japan 7,830,722 1,447,516 9,278,238 -5.1%
4 Germany 5,707,938 325,226 6,033,164 2.1%
5 South Korea 4,135,108 420,849 4,555,957 0.7%
6 India 3,378,063 747,681 4,125,744 7.3%
7 Mexico 1,968,054 1,597,415 3,565,469 5.9%
8 Spain 2,218,980 514,221 2,733,201 13.7%
9 Brazil 2,018,954 410,509 2,429,463 -22.8%
10 Canada 888,565 1,394,909 2,283,474 -4.6%
11 France 1,553,800 416,200 1,970,000 8.2%
12 Thailand 772,250 1,143,170 1,915,420 1.9%
13 UK 1,587,677 94,479 1,682,156 5.2%
14 Russia 1,214,849 169,550 1,384,399 -26.6%
15 Turkey 791,027 567,769 1,358,796 16.1%
11
CONTENTS

11. UK CAR MANUFACTURING
UKCARMANUFACTURING
UK car manufacturing (millions)
UK car manufacturing – 2014 vs 2015
2014 2015 % Change
Total 1,528,148 1,587,677 3.9 %
Home 332,952 359,796 8.1 %
Export 1,195,196 1,227,881 2.7%
% export 78.2% 77.3%
The average value
of a car exported from the
UK today is £20,900
2
1.5
1
0.5
0
1972
RECORDHIGH
1,587,677
2009
-30.9%
2012
9.0%
2013
3.1%
2014
1.2%
2015
3.9%
12
CONTENTS

12. UKCAREXPORTS
UK CAR EXPORTS
EU 57.5%
US 10.9%
CHINA 7.0%
TURKEY 2.9%
AUSTRALIA 2.8%
RUSSIA 2.0%
JAPAN 1.8%
SOUTH KOREA 1.7%
CANADA 1.2%
ISRAEL 1.2%
SOUTH AFRICA 1.1%
TOP EXPORT DESTINATIONS FOR UK CARS
In 2015 77.3%
of cars built in the UK were exported
The EU accounted for 57.5%
of UK-built cars exported in 2015
The UK exports vehicles to more
than100
countries worldwide
13
CONTENTS

13. 1
2 29
7
11
19
22
8
9
9
10
20
5
4
3
13
26
12
12
27
30
28
14
23
6
24
25
21
1516
1
17
11
18
UK AUTOMOTIVE MANUFACTURING
UKAUTOMOTIVEMANUFACTURING
In 2015 UK automotive
manufacturers produced
1,682,156vehicles
In 2015 2,368,477
engines were built in the UK
There are more than 2,000
automotive component providers
in the UK
Key UK manufacturing sites
Key Manufacturer Location Sector Model
1 Alexander
Dennis
Falkirk and
Guildford
Bus and
coach Enviro bus range
2 Aston Martin Gaydon Car
Comet, DB9, DB11,
Rapide, Vantage,
Vanquish.
3 Bentley Crewe Car and
engine
Bentayga, Continental
and Mulsanne
4 BMW Hams Hall Engine Engine range
5 Caterham Dartford Car Seven
6 Cummins Darlington Engine Engine range
7 Dennis Eagle Warwick CV NandWtruckrange
8 Euromotive Hythe Bus and
coach Minibus range
9 Ford Bridgend and
Dagenham Engine Engine range
10 Honda Swindon Car and
engine Civic, CR-V and Jazz
11 Jaguar
Land Rover
Castle Bromwich
Wolver­
hampton
Car and
engine
Engine range
Jaguar: F-Pace
F-Type, XE, XJ and XF
12
Jaguar
Land Rover
Solihull and
Halewood Car
Land Rover:
Discovery, Discovery
Sport, Range Rover,
Range Rover Sport,
and Evoque.
13
John Dennis
Coachbuilders
Guildford Bus and
coach Fire vehicles
14 Leyland Trucks Leyland CV DAF CF, LF and XF
truck range
15 Lotus Norwich Car Elise, Evora and Exige
16 LTC Coventry CV TX Taxi
17 McLaren
Automotive Woking Car 540, 570, 650, 675
and P1
18 Mellor Rochdale Bus and
coach
Accessible coach
range
19 MG Motors Longbridge Car MG3 and MG6
20 MINI Oxford Car
MINI 3-Door Hatch,
MINI 5-Door Hatch,
MINI Convertible,
MINI Clubman,
MINI Coupé,
and MINI Roadster
21 Minibus
Options Whaley Bridge Bus and
coach
Minibus range
22 Morgan Malvern Car
Aero, Aero Supersport,
Aero Coupe, 4/4, Plus
4, Plus 8, Roadster, 4
Seater and 3 Wheeler
23 Nissan Sunderland
Car and
engine
JJuke, LEAF, Note and
Qashqai, Infiniti Q30
24 Optare Leeds Bus and
coach
Solo, Tempo and Versa
bus range
25 Plaxton Scarborough Bus and
coach
Cheetah, Elite,
Panther, Paragon
coach bodies and
Enviro bus range
26 Rolls-Royce Goodwood Car Ghost, Phantom and
Wraith
27 Toyota Burnaston Car and
engine Auris and Avensis
28 Vauxhall Ellesmere Port
Car,
CV and
bus and
coach
Astra, Vivaro van and
minibus range
29 Warnerbus Dunstable Bus and
coach Minibus range
30 Wrightbus Ballymena (NI) Bus and
coach Bus range
16
15
14
CONTENTS

14. 2012
112,039
2013
88,110
2014
70,869
2015
94,479
CVANDENGINEMANUFACTURING
CV AND ENGINE MANUFACTURING
2014 2015 % Change
Total 70,869 94,479 33.3%
Home 35,945 47,300 31.6%
Export 34,924 47,179 35.1%
% export 49.3% 49.9%
UK Commercial
Vehicle
manufacturing
volumes:
2012 to 2015
UK Commercial Vehicle
manufacturing
– 2015 vs 2014
17
UK engine manufacturing volumes – 2015
Toyota
Nissan
Honda
Ford (Dagenham)
Ford (Bridgend)
BMW
Bentley
7.2%
0.5%
29.1%
38.8%
5.3%
10.6%
8.6%
CONTENTS

15. 3
2.5
3.5
2
1.5
1
0.5
NEW CAR REGISTRATIONS: UK vs EU* (millions)
*Source: ACEA 2015
0
Germany UK France Italy Spain
2014 2015
REGISTRATIONS
REGISTRATIONS
Model Volume
1 Ford Fiesta 133,434
2 Vauxhall Corsa 92,077
3 Ford Focus 83,816
4 Volkswagen Golf 73,409
5 Nissan Qashqai 60,814
6 Volkswagen Polo 54,900
7 Vauxhall Astra 52,703
8 Audi A3 47,653
9 Mini 47,076
10 Vauxhall Mokka 45,399
2.75
2.25
2.50
2,633,503
2.0
1.75
2009 2010 2011 2012 2013 2014 2015
New Car Registrations (MILLIONS) New Car Registrations: UK vs EU* (MILLIONS) Top 10 UK sellers
in 2015
A RECORD
2,633,503
cars were registered
in 2015
18
CONTENTS

16. REGISTRATIONSBYCOLOUR
REGISTRATIONS BY COLOUR
Market share by colour 2015
Colour
No. % market % change
Registrations share on 2014
White 564,393 21.4% +2.2%
Black 509,677 19.4% +5.3%
Grey 411,717 15.6% +21.1%
Blue 386,432 14.7% +15.5%
Red 318,897 12.1% +1.8%
Silver 295,429 11.2% -5.2%
Green 28,250 1.1% +31.2%
Brown 25,445 1.0% -23.3%
Orange 17,773 0.7% +25.7%
Mauve 12,719 0.5% +30.0
2
3
4
5
6
7
8
9
1
10
Top 10 car colours 2015
21.4% 19.4% 15.6% 14.7% 12.1%
Market share by colour 2015
19
CONTENTS

17. REGISTRATIONSBYSALESTYPE
REGISTRATIONS BY SALES TYPE
Fleet
Model Volume
Ford Focus 53,329
Ford Fiesta 52,601
Volkswagen Golf 49,280
Vauxhall Astra 35,039
Nissan Qashqai 33,629
Private
Model Volume
Ford Fiesta 80,803
Vauxhall Corsa 44,303
Volkswagen Polo 37,183
Mini Mini 29,388
Ford Focus 28,469
Top five new car registrations in 2015 by sales type
Business
Model Volume
Vauxhall Corsa 14,676
Vauxhall Astra 6,265
Vauxhall Mokka 5,530
Nissan Micra 3,608
Mercedes E Class 3,346
Private
46%
1,208,812
Fleet
50%
1,317,570
Business
4%
107,121
2015 registrations by sales type
Business
If the vehicle is being
registered by a company that
operates up to 24 vehicles,
it is designated a business
sale. This includes dealer
demonstrators.
Fleet
If the vehicle is being
registered by a company that
operates a fleet of 25 or more
vehicles, it is designated
a fleet sale. This includes
dealer demonstrators and
Motability-leased vehicles.
Private
If the vehicle is being
registered primarily for the
personal use of a private
individual, it is designated a
private sale.
20
CONTENTS

18. REGISTRATIONSBYFUELTYPE
REGISTRATIONS BY FUEL TYPE
New car registrations by fuel type
– 2006 vs 2015
The change in segment registrations
– 2015 vs 2006
2015 AFV registrations
MINI
+361.57%
UPPER MEDIUM
-41.90%
SPECIALIST SPORTS
-34.17%
SUPER MINI
+117.38%
EXECUTIVE
+119.74%
DUAL PURPOSE
+166.29%
LOWER MEDIUM
-6.76%
LUXURY SALOON
-26.16%
MULTI PURPOSE
+133.06%
20062015
1,276,871
1,283,857
72,775
0
DIESELPETROLAFVDIESELPETROLAFV
898,521
1,446,343
21
Plug-in
hybrid
24.4%
17,785
Hybrid electric
62.1%
45,045
Electric
13.6%
9,934
Hydrogen
0.01%
11
CONTENTS

19. REGISTRATIONSBYSEGMENT
REGISTRATIONS BY SEGMENT
Model Volume Segment share
Ford Fiesta 133,434 14.4%
Vauxhall Corsa 92,077 9.9%
Volkswagen Polo 54,900 5.9%
Mini MIni 47,076 5.1%
Fiat 500 41,766 4.5%
Segment total: 926,241
Supermini
Model Volume Segment share
Ford Focus 83,816 11.7%
Volkswagen Golf 73,409 10.3%
Vauxhall Astra 60,814 8.5%
Nissan Qashqai 52,703 7.4%
Audi A3 47,653 6.7%
Segment total: 715,604
LowerMedium
Model Volume Segment share
Hyundai i10 23,846 33.9%
Volkswagen up! 16,904 24.1%
Skoda Citigo 8,533 12.1%
Suzuki Celerio 7,901 11.2%
Vauxhall Viva 5,452 7.8%
Segment total: 70,263
Mini
Top cars registered by segment
22
CONTENTS

20. REGISTRATIONS BY SEGMENT
REGISTRATIONSBYSEGMENT
Top cars registered by segment
Model Volume Segment share
Mercedes-Benz C-Class 41,821 32.8%
Mercedes-Benz E-Class 26,634 20.9%
BMW 5 Series 21,428 16.8%
Audi A6 15,787 12.4%
Jaguar XF 10,977 8.6%
Segment total: 127,666
Executive
Model Volume Segment share
BMW 3 Series 36,728 14.7%
Vauxhall Insignia 33,727 13.5%
BMW 4 Series 23,704 9.5%
Skoda Octavia 22,580 9.1%
Audi A4 21,148 8.5%
Segment total: 249,347
UpperMedium
Model Volume Segment share
Mercedes-Benz S-Class 3,063 33.8%
Audi A8 1,212 13.4%
Jaguar XJ 1,062 11.7%
Bentley Continental 962 10.6%
BMW 7 Series 941 10.4%
Segment total: 9,061
Luxury
MORE
INFO
23
CONTENTS

21. REGISTRATIONSBYSEGMENT
REGISTRATIONS BY SEGMENT
Top cars registered by segment
Model Volume
Segment
share
Audi TT 9,145 18.6%
Volkswagen Scirocco 6,057 12.3%
Mercedes-Benz SLK 5,270 10.7%
Mazda MX-5 3,097 6.3%
BMW 6 Series 2,697 5.5%
Segment total: 49,118
SpecialistSports
Model Volume
Segment
share
Ford Kuga 32,936 9.3%
Kia Sportage 23,010 6.5%
Volkswagen Tiguan 21,889 6.2%
Range Rover Evoque 20,802 5.9%
Land Rover Discovery 16,485 4.6%
Segment total: 355,118
DualPurpose
Model Volume
Segment
share
Citroen C4 Picasso 17,599 13.4%
Ford C-Max 16,305 12.4%
Vauxhall Zafira Tourer 15,922 12.1%
Ford B-Max 10,289 7.8%
Mercedes-Benz B-Class 6,089 4.6%
Segment total: 131,085
MPV
24
CONTENTS

22. CVREGISTRATIONS
CV REGISTRATIONS
Commercial vehicle registrations – 2009 to 2015 2015 commercial vehicle registrations
LCVs up to 3.5t Rigids Artics Bus and coach
Volume 371,830 30,930 21,134 4,009
% change 15.6% 19.5% 35.6% 16.5%
100,000
200,000
300,000
400,000
427,903
201420132012201120102009 2015
-35.4%
14.8%
17.5%
-4.1%
11.3%
10.8%
16.7%
427,903
commercial vehicles
were registered in 2015
25
CONTENTS

23. Country Volume
China 21,146,320
EU28 16,424,352
US 7,572,662
Japan 4,215,889
Germany 3,206,042
India 2,772,745
UK 2,633,503
Brazil 2,122,956
France 1,917,226
Italy 1,575,524
South Korea 1,533,670
Russia 1,284,366
GLOBALCARREGISTRATIONS
GLOBAL CAR REGISTRATIONS
Source: OICA 2016
International new car registrations – 2015
66,311,917
new cars were
registered globally in 2015
26
CONTENTS

24. VEHICLES ON THE ROAD
VEHICLESONTHEROAD
87.9% 10.4% 0.2%1.5%
VANS
3,842,017 BUS COACH
88,638
TRUCKS
569,921
CARS
32,612,782
Year
Cars
(millions)
2005 30.5
2006 30.8
2007 31.1
2008 31.3
2009 31.0
2010 31.3
2011 31.4
2012 31.5
2013 31.9
2014 32.6
37,113,358
vehicles on
UK roads
You are most
likely to see a
yellow
car in
Cornwall
The number
of vehicles on
the road
grew 2.2%
in 2014 – the
biggest
increase since 2002
The average car on
the road in the UK is
silverfrom the
Supermini
segment and
7.8yearsold
27
28
CONTENTS

25. ENVIRONMENT – CO2
ENVIRONMENT
Emissions reduction
CO2
emissions from
all cars in use
-6.6%
2015
2007
62
73
Mt CO2
-15.1%
CO2
emissions from
all cars in use
-6.6%
2015
2007
62
73
Mt CO2
-15.1%
A new car
in 2015
is typically
18.4%more
fuel-efficient
than one bought
in 2010
29
CONTENTS

26. ENVIRONMENT
ENVIRONMENT – AIR QUALITY
A Euro-V1 bus emits
95%lessNOx
on the road than a
Euro-V bus
Source: Transport for London
0.5g/km 0.08g/km
2001
2015
Reduction in
diesel car
NOx emissions
30
CONTENTS

27. £51 Billion
Value added annually
(at 2014 prices)
320,000
Additional jobs created
25,000
Jobs in automotive
manufacturing created
25,000
Serious accidents prevented
2,500
Lives saved
CONNECTED CARS
CONNECTEDCARS
UK Economic Impact of Connected and Autonomous Vehicles 2014-2030
31
CONTENTS

28. AVAILABILITY OF CONNECTED TECHNOLOGIES
AVAILABILITYOFCONNECTEDTECHNOLOGIES
Availability of selected technologies
on new cars registered
in 2010, 2013 2015
Autonomous emergency braking (AEB)
Based on the 2015 full year
registrations, AEB was
Data for AEB only available for 2015 | Source JATO Dynamics
AEB breakdown by JATO Global Segment
32
2010 2013 2015
Adaptive cruise control
Fitted as standard 0.4% 2.5% 5.6%
Available as option 8.4% 15.6% 26.1%
Blind sport monitoring
Fitted as standard 0.4% 0.5% 3.4%
Available as option 3.3% 23.5% 32.4%
Collision warning system
Fitted as standard 2.9% 12.6% 30.7%
Available as option 3.9% 24.2% 27.4%
Standard
18%
Optional
21%
Not available
60%
Segment Not Available Option Standard
JG Executive 60% 32% 8%
JG Full Size MPV 64% 29% 7%
JG Luxury 24% 37% 39%
JG Medium- 42% 20% 38%
JG Medium MPV 64% 14% 23%
JG Medium+ 32% 41% 27%
JG Mini 91% 7% 2%
JG Mini MPV 71% 22% 7%
JG Small 78% 18% 5%
JG Sports 62% 37% 2%
JG SUV 56% 18% 26%
CONTENTS

29. SMMT Industry Forum
Industry Forum was formed in 1994,
initially as a unique collaboration
between leading vehicle manufacturers,
SMMT and government to improve the
performance and competitiveness of the
UK’s automotive supply chain.
Continued measurable success has led to sustained growth
into many other sectors including aerospace, construction,
domestic appliances, electronics and food. Industry Forum
now provides support to blue chip organisations in more
than 30 countries across five continents.
www.industryforum.co.uk
Motor Codes
Motor Codes is the
government-backed,
self-regulatory body
for the motor industry, operating Trading Standards–
approved codes of practice, outlining clear-cut
customer service level expectations in the new
car sales, service and repair, and vehicle warranty
sectors. It serves as a business driver for subscribing
garages and offers reassurance to motorists through
transparent online garage ratings and an independent
advisory and dispute resolution service.
www.motorcodes.co.uk
SMMTSUBSIDIARIESANDPARTNERSHIPS
SMMT SUBSIDIARIES AND PARTNERSHIPS
33
DISCL AIMER
This publication contains general information
and, although SMMT endeavours to ensure
that the content is accurate and up-to-date
at the date of publication, no representation
or warranty, express or implied, is made as to
its accuracy or completeness and therefore
the information in this publication should
not be relied upon. Readers should always
seek appropriate advice from a suitably
qualified expert before taking, or refraining
from taking, any action. The contents of
this publication should not be construed
as advice or guidance and SMMT disclaims
liability for any loss, howsoever caused,
arising directly or indirectly from reliance
on the information in this publication. Any
use of data should be credited to SMMT.
CONTENTS

30. THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS
71 Great Peter Street, London, SW1P 2BN
Tel: +44 (0)20 7235 7000
E-mail: communications@smmt.co.uk
:@SMMT :SMMT
www.smmt.co.uk
CONTENTS